USDA Loan Program Post Falls The USDA Rural development Loan Program is a great opportunity for first time home buyers. The definition of a first time home buyer, "Someone that has never owned a home or someone that hasn't owned a home in the last three years." Up to 115% of median income is allowed. Check out the limits for your area on the USDA site. The USDA loan as per the Rural Development Housing website has no down payment requirements. That's what I said, "NO DOWN PAYMENT REQUIREMENTS!" Which means that this can be a zero down loan. You can therefore purchase a house with no money, that is if you have an exceptable credit score a job that allows you to qualify and the RIGHT REAL ESTATE AGENT NEGOTIATING ON YOUR BEHALF. The guidlines state that housing must be modest in: size des...
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